Unshrinkit on Shark Tank

Unshrinkit is a laundry solution that relaxes fibers so shrunken wool and knit garments can be stretched back to their original size. It aims to rescue clothing accidentally shrunk in the wash.

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⏱ Unshrinkit in 30 seconds

The ask$150K for 10%Valued at $1.5M
In the tankDeal: $150K for 15%With Mark
After the showNot confirmedNo public record either way
TodayAcquiredBought in 2019 by an aggregator-operator group for an undisclosed amo…

Unshrinkit Shark Tank deal

Asked for: $150,000 for 10%
Asking valuation: $1.5M
Result: Deal
Final deal: $150,000 for 15%
Deal valuation: $1M
Shark: Mark Cuban
Founders: -
From: -
Aired: Nov 13, 2015

Asked

$1.5M

Got

$1M

Would you have invested in Unshrinkit?

The pitch

The founders pitched Unshrinkit in Shark Tank Season 7, Episode 8 (aired Nov 13, 2015). They asked for $150,000 in exchange for 10% equity, valuing the business at $1.5M. The entrepreneurs walked away with a deal from Mark Cuban: $150,000 for 15%. That put the final valuation at $1M, 33% below what they originally asked for.